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Correlated Individual Differences and Choice Prediction

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  • Luke Lindsay

    (Department of Economics, University of Zurich, Blümlisalpstrasse 10, 8006 Zurich, Switzerland)

Abstract

This note briefly summarizes the consequences of adding correlated individual differences to the best baseline model in the Games competition, I-SAW. I find evidence that the traits of an individual are correlated, but refining I-SAW to capture these correlations does not significantly improve the model’s accuracy when predicting average behavior.

Suggested Citation

  • Luke Lindsay, 2011. "Correlated Individual Differences and Choice Prediction," Games, MDPI, vol. 2(1), pages 1-5, February.
    • Handle: RePEc:gam:jgames:v:2:y:2011:i:1:p:16-20:d:11241
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    References listed on IDEAS

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    1. Ido Erev & Eyal Ert & Alvin E. Roth, 2010. "Erev, I. et al . A Choice Prediction Competition for Market Entry Games: An Introduction. Games 2010, 1 , 117-136," Games, MDPI, vol. 1(3), pages 1-5, July.
    2. Yechiam, Eldad & Busemeyer, Jerome R., 2008. "Evaluating generalizability and parameter consistency in learning models," Games and Economic Behavior, Elsevier, vol. 63(1), pages 370-394, May.
    3. Ido Erev & Eyal Ert & Alvin E. Roth, 2010. "A Choice Prediction Competition for Market Entry Games: An Introduction," Games, MDPI, vol. 1(2), pages 1-20, May.
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    Cited by:

    1. Lindsay, Luke, 2019. "Adaptive loss aversion and market experience," Journal of Economic Behavior & Organization, Elsevier, vol. 168(C), pages 43-61.

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